RE:RE:RE:RE:Hoping for more xmas shopping...Yamana is @ 5.75 today. Well, I had to be patient on that one. More than 12 months ago I bought Yamana @ 4.75, and saw it lose more than 60% of value... When it came back to $5, I had to be darn patient and finally sold @ $6 for a 30% profit. Unbelievable thought, I thought that one was going in the dumpster.
So yes, you can gamble around and get lucky but after a while I just decided that it was better to be patient and when buying, sticking with your decision. I analyzed hundreds of stock and in 85% of cases, going through a 50% drop and sticking around would give you a profit at the end. My analysis was mostly with stocks around the 2008-2009 period though, when you could almost do random picks and make 100% profit over 2-3 years.
Roller007 wrote: Willy: I lost lots of money in yamana ended up selling in January around $3 after three years of buying and averaging down. It's almost at freakin $7 today. I'm not going to make that mistake here with Cxr, to +80 or to zero, I deleted the sell button on my computer.